KMP Aryadhana and FPT plan to establish a cutting-edge AI research lab and implement digital transformation projects in education and ESG practices.

FPT Corporation announced on March 11 the signing of a $67 million framework agreement with KMP Aryadhana, a leading Indonesian cooperative in the field of innovation.

The signing ceremony took place during Party General Secretary To Lam's State visit to Indonesia between March 9-11.

This collaboration aims to harness FPT's expertise in Artificial Intelligence (AI), Blockchain, the Internet of Things (IoT), and Cloud Computing to advance technology applications in Environmental, Social, and Governance (ESG) initiatives and education. By leveraging these technologies, the partnership seeks to foster innovation and promote sustainable development in key areas.

Digital transformation is expected to play a pivotal role in enhancing KMP Aryadhana's innovative capacity in Yogyakarta, positioning the city as a prominent cultural and educational hub in Indonesia. These efforts align with the goal of strengthening Yogyakarta's status as a regional leader in innovation.

As part of the agreement, KMP Aryadhana and FPT plan to establish a cutting-edge AI research lab and implement digital transformation projects in education and ESG practices. Beyond Yogyakarta, the model is expected to be expanded both domestically  and globally.

-Nhĩ Anh

Other localities such as Ha Tinh, Thanh Hoa and Thua Thien Hue have seen positive results at their port facilities after implementing similar incentive policies.

The People's Council of the Mekong Delta province of Long An on March 10 reached agreement to formulate an incentive policy to attract container shipments to the province's ports.

Earlier, the Long An Provincial People's Committee has also submitted a proposal to the council, seeking feedback on this policy.

According to the draft, licensed shipping lines operating container transport and conducting loading or unloading at ports in Long An—at a minimum frequency of two visits per month—will receive a subsidy of VND 200 - 300 million ($7,800 - $11,778) per trip.

Additionally, enterprises, organizations, and individuals engaged in logistics services or owning goods transported via containers through Long An’s ports (excluding temporary import-export and transit goods) will be eligible for support of VND1 million ($39) per 20-foot container and VND1.5 million ($59) per 40-foot container or larger. The funding for this policy will be allocated from the province's balanced budget.

Currently, Long An hosts 18 ports of varying types and scales, primarily invested in and operated by foreign enterprises along the Vam Co and Soai Rap rivers. Among these, the Long An International Port holds strategic importance for both the Mekong Delta and the Southeastern regions of the country, regarded as a pivotal hub for industrial, service, and urban development.

However, these ports face difficulties due to a shortage of container shipments. A scientific workshop organized by the Long An People's Committee identified specific challenges such as low container volumes, high ship entry-exit costs, and competition with other ports, making Long An less attractive to shipping lines.

As a result, initial support from local authorities is deemed necessary to incentivize container transport through these ports. This move demonstrates the province's commitment to supporting investors, promoting sustainable development, and enhancing its investment appeal.

In Vietnam, while major seaport cities like Hai Phong and Ho Chi Minh dominate the market but have yet to introduce support policies, some central provinces such as Thanh Hoa, Ha Tinh, and Thua Thien-Hue have proactively implemented policies to attract container shipping for both shipping companies and cargo owners.

Thanh Hoa was the first to introduce such policies in 2019, offering subsidies of VND200 million per vessel docking at Nghi Son Port, with a minimum frequency of two trips per month. Between 2019 and 2023, the province disbursed VND17.8 billion ($700,000) for 89 out of 91 eligible ship calls, resulting in a budget revenue of VND1.18 trillion ($46 million) - 66 times the initial investment.

In 2021, Ha Tinh introduced a similar policy, offering VND200 million per ship docking at Vung Ang Port with at least two trips per month. Due to challenges in attracting ships, the support level was increased in 2022 to VND500 million ($19,600) for international ships, VND300 million for domestic ships, and an additional VND1-2 million ($39 - $78.5) per container (depending on whether it was 20-foot or 40-foot) for businesses transporting goods through the port.

From 2022 until the end of December 2024, Thua Thien-Hue (now the centrally-run city of Hue) has also implemented a pilot policy, offering VND210 million ($8,244) per ship docking at Chan May Port (minimum two trips per month) and VND800,000 to 1.1 million per container (20-foot to 40-foot) for businesses transporting goods through the port—excluding temporary imports for re-export and transit goods. Between 2022 and 2023, the province successfully attracted 65 ship visits (44 domestic and 21 international), equivalent to 7,370 TEUs or approximately 110,640 tons of goods.

-Việt An

Total investment capital estimated at over VND2 trillion ($77.9 million).

Trung Nguyen Legend started construction of its energy coffee factory in Buon Ma Thuot city of the Central Highlands province of Dak Lak on March 10.

The factory covers 50,000 sq.m at Tan An Industrial Cluster with an estimated investment capital of over VND2 trillion ($77.9 million).

The facility, the company’s fifth factory in Vietnam, is aimed at enhancing the value of Buon Ma Thuot’s Robusta coffee beans and boost deep processing capabilities.

Expected to be the largest coffee production facility in Asia, the factory will incorporate cutting-edge technologies from Germany, Italy, and other advanced countries.

Last year, Vietnam exported 1.32 million tons of coffee, earning over $5 billion.

-Hẳng Nguyễn

They are particularly interested in industry, high-tech healthcare, digital platform, and AI.

Japanese enterprises expressed their desire to expand investment in Vietnam, particularly in the fields of industry, high-tech healthcare, digital platform construction and AI, during a meeting between  Deputy Prime Minister Nguyen Chi Dung and a delegation from Japan’s International Friendship Exchange Council (FEC) in Hanoi on March 10.

FEC is a non-governmental, non-profit organization currently having over 1,000 members, including executives from numerous companies investing and doing business in Vietnam.

Mr. Onoi Yoshiki, Chairman of FEC, said Vietnam is one of attractive destinations for Japanese enterprises.

Japanese firms hoped to have more cooperation opportunities to contribute to promoting the economic cooperation between the two countries, he said.

Recognizing the crucial role of foreign investment in Vietnam’s economy, Deputy PM Dung called on Japanese firms to promote their investments, particularly in high-tech and deep processing industries, digital transformation, innovation, and new energy. 

Japan is currently the third largest investor in Vietnam. In the first two months of the year, Japanese businesses invested $732.64 million in 45 new projects in Vietnam, bringing the total registered investment capital by Japanese firms to $78.36 billion so far.

 

-Phương Nhi

Among Canada’s top 10 trading partners, Vietnam remains its 7th largest import partner.

In 2025, as part of its response to counteract tariffs imposed by US President Donald Trump, Canada introduced several policy measures aimed at enhancing internal trade and promoting Canadian unity. These initiatives emphasize the prioritization of Canadian-made products and discourage reliance on American goods.

Ms. Tran Thu Quynh, Trade Counselor at the Vietnam Trade Office in Canada, highlighted the potential benefits of Canada’s plan to eliminate internal trade barriers.

She believed that this reform will reduce costs for Vietnamese goods to be exported to Canada, as its provinces and territories will mutually recognize goods imported by one region without imposing additional requirements from others.

Despite these promising changes, a key challenge for Vietnam is that its exports to Canada remain subject to trade remedies applied by Canada,  she noted.

According to data from Vietnam Customs, Vietnam’s total exports to Canada in 2024 surpassed $6.37 billion, marking a 13.5% increase compared to 2023.

Meanwhile, local Canadian statistics report that Vietnam exported $10.6 billion worth of goods to Canada in 2024, an 8.2% rise over the previous year. This milestone represents the first time Vietnam’s exports exceeded the $10 billion threshold in its trade history with Canada.

Additionally, Canadian statistics indicate that Vietnam recorded a trade surplus of approximately $9.9 billion with Canada, while Vietnamese data placed the surplus at over $5.5 billion.

Among Canada’s top 10 trading partners, Vietnam remains its 7th largest import partner. Within the ASEAN bloc, Vietnam continues to dominate as Canada’s leading import partner, contributing nearly 45% of Canada’s total imports from the region.

-Vũ Khuê

2025 is set to be a year of surmounting obstacles, with global uncertainties, policy shifts, and economic challenges shaping the future, according to Mr. Tim Evans.

The global economy has grappled with profound challenges in recent years, including the Covid-19 pandemic, geopolitical tensions in Eastern Europe and the Middle East, the collapse of China’s housing market, and surging inflation and interest rates. As a consequence, hopes for stability in 2025 may prove elusive. Geopolitical conflicts persist, China’s economic struggles continue, and the normalization of post-pandemic interest rates has been slower than anticipated. Adding further uncertainty, Donald Trump’s re-election as US president has reignited focus on tariffs, with trade tensions poised to escalate.

US trade policy poses significant risks to global economies. In early February, President Trump announced 25 per cent tariffs on imports from Canada and Mexico, with a 10 per cent tariff on Canadian energy, and an additional 10 per cent duty on Chinese products. While the measures on Mexico and Canada have been paused for a 30-day period, China announced its plan to retaliate with tariffs on $14 billion worth of imports from the US, effective from February 10. There is still a great deal of uncertainty about how the situation will unfold. But, in principle, these measures, if and when implemented in full, could have sweeping economic consequences, affecting more than 40 per cent of American imports. They are also expected to impact US profits, inflation, and trading partners, especially if retaliation occurs, further straining global trade flows and sentiment.

At the same time, tariffs threaten both global trade and broader growth. The increased level of uncertainty in the global trading system is likely to weigh on investment plans, while supply chains are ripe for rejigging around any potential tariff targets.

Diverse disinflation and more divergent monetary policy

HSBC’s global inflation forecasts for 2025 have risen modestly, from 3.3 per cent to 3.4 per cent, driven primarily by developed economies, where inflation increased from 2.3 per cent to 2.5 per cent, with a notable rise in Japan. It is clear that the global inflation story has grown increasingly diverse and uncertain. Disinflation has stalled in some regions, as the downwards pressure from falling energy prices and improved supply chains fades. Instead, factors such as fiscal and monetary policies, labor market conditions, and productivity now play a more critical role.

In 2025, potential US tariffs and retaliation risks could add to inflationary pressures while dampening growth. Rising food prices also pose a significant inflationary threat, particularly in countries like India, where domestic harvests heavily influence the consumer price index (CPI). Meanwhile, surging global coffee and cocoa prices have gained attention. On the policy front, the US’s expansionary fiscal stance has contributed to inflation in recent years and remains a risk heading into 2026. However, any fiscal impulse is expected to be limited, as House Republicans will likely push for spending cuts to offset tax reductions for corporations, small businesses, and households. Conversely, immigration and restrictive trade policies may keep inflation elevated. In Europe, a slightly contractionary fiscal stance in 2025 is expected to support the European Central Bank (ECB)’s efforts to bring inflation back to its 2 per cent target.

Despite persistent inflation uncertainties, room for rate cuts remains in 2025, though the timeline varies by region. Inflation in Central and Eastern Europe is expected to take longer to ease, delaying rate cuts there. In Asia, shallow easing cycles are anticipated, potentially even shorter if the US Federal Reserve (Fed) cuts are less than expected. The US Federal Open Market Committee (FOMC) is projected to slow the pace of rate cuts, bringing the Fed funds rate to a neutral range of 3.5-3.75 per cent by the end of 2025. However, risks of renewed tightening in 2026 linger, particularly if fiscal easing proves more extensive than forecast.

Mr. Tim Evans, CEO of HSBC Vietnam

Asian outlook

A sharp rise in US import tariffs could disrupt the global economy, impacting not only inflation and growth prospects in the US but also trade and investment patterns across Asia and beyond. However, the specifics of this policy remain unclear, making it difficult to predict its effects on individual economies and sectors.

During Donald Trump’s first term as US president, heightened trade tensions with China diverted trade and investment into other markets, with ASEAN experiencing faster growth, while Chinese exports continued to soar by capturing market share from developed economies. This time, tariffs on China have been higher and broader, potentially extending to other economies. Products with Chinese components or re-exports from other markets might also face scrutiny.

Despite the significant rise in tariffs, the US’s largest bilateral trade deficit is still with mainland China, followed by ASEAN, Mexico, and Germany. Deficits with Japan and Taiwan are also sizeable, on par with India and South Korea, and well ahead of Canada (if services are included). China retains significant market share in US imports of tariffed goods, such as lithium-ion batteries and plastic items, suggesting that higher tariffs on imports could lead to further shifts towards other economies. So far, US tariffs on China have been imposed mainly on product components rather than final household items, to limit the “sticker shock” for consumers. Notwithstanding the risk of higher goods inflation in the US, there is still room to expand the number of tariffed items, in turn offering opportunities for others to capture China’s market share.

In 2025, a key question will be whether US trade policy focuses solely on imports directly from China or extends to economies using Chinese components or with significant trade deficits with the US.

Looking on the bright side, the US trade strategy provides a good opportunity for Asia to rethink its growth engines. First, the region should unleash its domestic consumption power to become less reliant on demand from other markets, gaining more balance between its savings and investments. Second, Asia can expand markets within itself rather than relying on Western countries. It could improve regional integration and resilience through intra-regional agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Beyond trade

Policy uncertainty also weighs on businesses, delaying cross-border investment. For Southeast Asia, this could dampen FDI in the short term, particularly in Vietnam and Malaysia, where it accounts for a substantial portion of overall investment. Moreover, a growing share of FDI from China adds another layer of uncertainty, as such factories often rely heavily on Chinese-produced components for export processing, potentially falling under closer US scrutiny.

On the brighter side, manufacturing investment across Asia could rebound strongly if US trade restrictions remain focused on China or prove less restrictive than anticipated. However, a broader, more restrictive US policy could lead to lasting impacts on investment.

Exchange rate volatility presents another challenge. As history shows, FX moves can be considerable in response to the introduction of tariffs, with the potential of partly, or even fully, offsetting the import price distortions that duties entail. For example, since mid-2021, the US dollar is up around 20 per cent against major currencies and has risen well over 30 per cent over the decades, creating a potential “buffer” against tariff effects through currency realignment.

Across Asia, a slowdown in consumer spending, though uneven, is partly due to the lingering effect of the earlier inflation shock. As price pressures normalize, consumption growth should stabilize, even if with a delay. However, a rise in global food prices poses a risk to Asian inflation, particularly in emerging economies, though the correlation between global and local food prices is generally weaker than that of crude oil and domestic energy costs.

Apart from Japan, the overall direction of monetary policy in Asia is still moving towards easing. Yet, heightened exchange rate volatility remains a concern. For example, since the Fed delivered its first interest rate cut of the cycle, a chunky 50 basis points in mid-September, almost all Asian currencies have seen sizable depreciation against the US dollar. While this cycle could have provided an opportunity for swift rate cuts, many Asian central banks have been forced to adopt a more “defensive” stance, keeping a wary eye on volatile FX markets.

In 2025, ongoing caution is warranted. The spread between local policy rates and the Fed funds rate is much lower compared to the pre-pandemic period, and in many cases even negative, leaving little “buffer” to anchor exchange rates against swings in Fed policy rate expectations. If monetary policy remains constrained by lingering price pressures and exchange rate volatility, governments may turn to fiscal measures instead.

What’s next for Vietnam?

While the world waits for US policies to unfold, Vietnam’s markets are likely to feel their effects, though the nation’s resilience offers hope. With a proven ability to overcome challenges, Vietnam is well-positioned to navigate these uncertainties, driven by its ambitious goals and remarkable progress.

In 2024, Vietnam’s GDP expanded by 7.09 per cent, reclaiming its position as ASEAN’s fastest-growing economy. This growth was supported by strong trade performance, particularly in consumer electronics, textiles, footwear, machinery, and agriculture, despite the setbacks from Typhoon Yagi, the strongest storm in 70 years. Given this broad-based recovery, Vietnam’s export momentum is expected to continue, even amid global uncertainties.

Vietnam has consistently attracted high levels of FDI, with inflows exceeding 4 per cent of GDP; among the highest in ASEAN. In 2024, it secured nearly $38.23 billion in FDI, with $25.35 billion disbursed by early January, ranking it 18th among the emerging markets that are most appealing to investors. In the past 20 years, Vietnam has become a major manufacturing base, deeply integrated into global supply chains. Its global value chain (GVC) participation rate has sharply risen over the years, and is now comparable to Singapore’s.

Vietnam’s exports have grown over 13 per cent annually on average since 2007, dominated by foreign-invested enterprises. From being a minor exporter before 2013, Vietnam recorded one of the fastest average annual export growth rates globally in the 2019-2023 period. It has therefore advanced significantly in import-export rankings, now standing second in ASEAN, trailing only Singapore. It is the world’s 23rd-largest exporter and 22nd-largest importer, with goods present in over 230 countries and territories. Vietnam ranked first globally in both the production and export of coffee and pepper in 2024, while maintaining its position as the third-largest rice exporter in 2023-2024. It also surpassed South Korea to become the world’s second-largest smartphone exporter.

Among ASEAN peers, Vietnam has gained the highest increase in global market share of exports since 2016, centering around consumer electronics such as smartphones, as well as textiles and footwear. Vietnam also has the highest export exposure to the US, comprising almost 30 per cent of shipments. Given its sizeable trade surplus and high export exposure to the US, Vietnam’s exports are vulnerable to tariff risks, and any escalation could pose challenges. Hence, it is essential for Vietnam to diversify its export range, particularly in high-value products like fruit and semiconductors, while keeping a close eye on US trade policy.

Despite Vietnam’s strong fundamentals, such as competitive labor costs and a favorable FDI environment, uncertainties around US trade policy could disrupt global business investment decisions. Therefore, to mitigate these risks, Vietnam must expand its network of international trade agreements, enhance non-tax incentives, and prioritize higher-value manufacturing. Alongside these efforts, the government is investing in infrastructure, workforce reskilling, and an investment support fund to comply with the Global Minimum Tax (GMT), ensuring the country remains resilient in the face of global economic shifts.

Vietnam envisions a transformative future, aiming to achieve upper-middle-income status by 2030 and high-income nation status by 2045. By 2050, the country is committed to reaching net-zero emissions while positioning itself as a global leader in the semiconductor and electronics industries. Additionally, Vietnam aspires for its digital economy to contribute 30 per cent of GDP by 2030, driving sustainable growth and innovation.

Let’s see how far Vietnam can go with its bold ambitions, robust fundamentals, and the current strong momentum!

-Mr. Tim Evans, CEO of HSBC Vietnam

This results from Vietnam’s signing of the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country reports (CbCR).

The EU will not impose tax and non-tax defensive measures against Vietnam, since the country officially signed the Multilateral Competent Authority Agreement (MCAA) on the exchange of country-by-country reports (CbCR) in January this year, according to a report from the Government News.

As Vietnam has officially become the 107th signatory of the CbC MCAA, the EU acknowledges and highly appreciates the nation's efforts in fulfilling its international commitments and has included Vietnam in Annex II of the EU's list of non-cooperative jurisdictions for tax purposes.

The signing of the CbC MCAA in early 2025 is an appropriate step to ensure the implementation of the global minimum tax according to the planned roadmap. It also reaffirms Vietnam's commitment to enhancing financial transparency and international economic integration.

The CbCR is a crucial tool that helps tax authorities assess transfer pricing risks and tax avoidance issues by providing detailed data on revenue, profits, income taxes paid, tangible assets, and business activities of multinational corporations in each country.

This report also helps identify enterprises subject to global minimum tax regulations, thereby supporting the implementation of the Qualified Domestic Minimum Top-up Tax (QDMTT) and the Income Inclusion Rule (IIR) in accordance with Resolution 07/2023/QH15 of the National Assembly.

With total two-way trade reaching nearly $68.4 billion in 2024, Vietnam recorded a trade surplus of $35 billion with the 27 EU member states - higher than the $28.7 billion recorded in 2023.

Vietnam's exports to the EU made an impressive recovery in 2024, reaching nearly $51.7 billion, an increase of $8.08 billion compared to 2023.

-Phạm Long

They contributing 48.3% of Vietnam's wood export value last year.

Foreign direct investment (FDI) enterprises continue to playing important role as one of key growth drivers of the wood industry of Vietnam, according to a report on FDI engagement in Vietnam's wood industry in 2024 released recently by Forest Trends and the Vietnam Timber and Forest Products Association (VIFOREST).

Among over 4,200 businesses directly exporting wood and wood products, FDI enterprises accounted for 777 or 18.5 per cent of the total.

Vietnam earned $15.89 billion from exports of wood and wood products in 2024, up 20.1% year-on-year.

Of the figure, FDI enterprises contributed 48.3% or $7.67 billion.

Last year, the number of new FDI projects in the industry increased by 7% year-on-year, with registered investment capital surging more than 73% against 2023.

Out of 61 new projects invested in by 16 countries and territories, 25 were from China with registered investment capital of $185.3 million, accounting for 41% and 35.7% of the totals, respectively. These projects focused on wood processing, including products such as beds, cabinets, tables, chairs, and sofas.

 

-Chu Khôi

The bilateral relationship being upgraded during Party General Secretary To Lam’s State visit to Indonesia between March 9-11.

According to a joint statement on strengthening bilateral relations between Vietnam and Indonesia, issued on the occasion of Party General Secretary To Lam's State visit to Indonesia from March 9-11, the two sides agreed to elevate their bilateral relationship to a Comprehensive Strategic Partnership.

The joint statement stressed that this marked a significant milestone in celebration of the 70th anniversary of the diplomatic relations between Vietnam and Indonesia.

The joint statement noted that during the visit,  General Secretary To Lam and Indonesian President Prabowo Subianto engaged in discussions in a warm and amical atmosphere. Both Leaders reaffirmed their commitment to longstanding friendship and comprehensive cooperation between the two countries.

The two Leaders emphasized that since the establishment of the Strategic Partnership in 2013, both nations have made significant progress in deepening mutual trust, and cooperation. The partnership has expanded in scope and substance, encompassing key sectors such as politics, security, defense, trade, investment, agriculture, fisheries, maritime cooperation, education, information technology, and people-to-people exchanges.

The joint statement stated that the Leaders agreed to deepen economic cooperation to support Indonesia and Viet Nam joint effort to achieve high-income country status upon their respective 100th anniversary of independence in 2045. To this end, both countries have set a bilateral trade target of $18 billion by 2028 and will continue to strengthen cross-sectoral economic cooperation. The Leaders also agreed to expand cooperation into new areas for sustainable future such as green economy, food and energy security, Halal industries, fisheries, agriculture, maritime cooperation, science and technology, digital transformation, artificial intelligence and finance and banking.

-Vân Nguyễn

The proposed project, with an investment capital estimated at nearly $665 million, aims to enhance regional connectivity and boost tourism development.

The People's Committee of southern Ba Ria - Vung Tau province has submitted a proposal to the Government for construction of a 41-km expressway connecting its Ho Tram to Long Thanh International Airport in neighboring Dong Nai province.

The project, with an investment capital estimated at approximately VND17 trillion (nearly $665 million), aims to enhance regional connectivity and boost tourism development.

Designed as an urban expressway, the road will initially feature four lanes, with future plans for expansion to six lanes, and a maximum speed limit of 100 km/h.

According to the Provincial People's Committee, once Long Thanh Airport becomes operational, travelers from Southeast provinces, the Mekong Delta, and popular tourist destinations such as Long Hai, Phuoc Hai, and Ho Tram will face significant challenges using existing roads. These routes, which pass through heavily populated urban areas with high traffic volumes, often experience congestion, unpredictable travel times, and operational inefficiencies.

The expressway will provide a direct, high-speed route, addressing these challenges and significantly improving accessibility to Long Thanh Airport from Ba Ria - Vung Tau province and its neighboring localities.

This investment is considered crucial for completing the southeastern region's external transportation network and is expected to serve as a catalyst for the development of the tourism and service sectors, aligning with international standards.

-Thanh Thủy

The dossier must also includes a food safety test result sheet for a sample from the exported food product batch.

The Ministry of Health has issued a circular, establishing the required documents and procedures for issuing certificates for exported food products within its management scope.

Under Circular No. 08/2025/TT_BYT, dated March 7, 2025, exporting organisations and individuals must submit an application for certification using a form provided in the annex of the Circular. This document is mandatory and serves as the first step in the certification process.

The Circular specifies that the application dossier for a certificate, whether for a single exported shipment or a food production facility, must include a completed application form for the certificate,  and a valid certificate of food safety eligibility, or one of the following alternatives: Good Manufacturing Practices (GMP); Hazard Analysis and Critical Control Points (HACCP); ISO 22000 Food Safety Management System; International Food Standard (IFS); BRC Global  Standards for Food Safety; Food Safety System Certification (FSSC 22000), or an equivalent certification (certified copy provided by the exporting organization or individual).

A crucial part of the application is the food safety testing report for a sample from the export batch. This report must be issued by a designated testing laboratory or a laboratory that meets ISO 17025 standards. The report verifies that the sample meets food safety requirements, technical specifications, national regulations or international standards.

The dossier must also includes a proof of payment for the assessment fee for issuing the certificate for exported food products.

-Nhật Dương

Total FDI outflow reaching nearly $239 million in the period, including $233.6 million registered for 30 new projects.

Vietnam's overseas investment in the first two months of 2025 totaled nearly $239 million, 9.5 times higher than the same period last year, according to a report from the Government News.

The news quoted data from the National Statistics Office (NSO) as reporting that during January-February period, Vietnamese investors invested $233.6 million in 30 new projects abroad, 9.4 times higher than the same period last year, while increasing investment capital in five existing projects by $5.4 million.

Regarding investment sectors, electricity production and distribution topped the list with $111.2 million, making up 46.5 per cent of the total outbound investment capital in the two-month period.

Processing and manufacturing industry came second with $65.6 million (27.4%), while mining sector ranked third with $41 million (17.1%).

Vietnamese investors poured investment capital in 22 countries and territories in the period, of which Laos was the top destination, with $139.7 million, accounting for 58.4%.

It was followed by the Philippines with $34.2 million, Indonesia $31.1 million, the British Virgin Islands $21 million and Cuba $4 million.

By the end of 2024, Vietnam had 1,825 active overseas investment projects with total registered capital exceeding $22.59 billion. Laos remained the top recipient of Vietnam's overseas investment with nearly $5.7 billion, followed by Cambodia (about $2.94 billion) and Venezuela ($1.83 billion).

-Phạm Long

Key export products including electronic equipment and devices, garments and textiles, footwear and wood pellet.

Central Nghe An province recorded remarkable growth in export revenue in the first two months of the year, with $273.6 million, rising 56.43% compared to the same period last year, according to the provincial People’s Committee.

Key export products include electronic equipment and devices, garments and textiles, footwear and wood pellet.

In terms of investment attraction, the provincial authorities granted investment certificates for five new projects and allowed capital increase for 7 existing projects, totaling over VND3.87 trillion ($150 million).

The province’s Index of Industrial Production (IIP) in the two-month period surged 9.73% year-on-year. Of which, the manufacturing and processing rose 11.36%.

Total retail sales of consumer goods and services reached over VND29.2 trillion ($1.13 billion), soaring 52.23% year-on-year.

 

-Nguyễn Thuấn

The park prioritizes industries such as electronics, pharmaceuticals, supporting industries, clean energy, renewable energy, smart energy, among others.

Construction of the Song Cong II Industrial Park - Phase 2 in northern Thai Nguyen province officially commenced on March 10.

Covering an area of over 296 ha and requiring a total investment of nearly VND4 trillion (over $156.4 million), the project is being developed by Viglacera Thai Nguyen Joint Stock Company. The park is located in Ba Xuyen and Tan Quang communes, Song Cong city.

Speaking at the groundbreaking event, Mr. Nguyen Tran Tuan Nghia, Chairman of Viglacera Thai Nguyen, emphasized the park's vision of becoming a multi-sector concentrated industrial zone that aligns with principles of green growth, sustainability, and environmental friendliness.

The park prioritizes industries such as electronics, telecommunications, pharmaceuticals, supporting industries, new materials, clean energy, renewable energy, smart energy, and processing and manufacturing industries.

The project also offers attractive tax incentives for businesses investing in the park. These include a complete tax exemption for the first two years, followed by a 10% tax rate for the subsequent four years, and a 20% annual tax rate thereafter.

Additionally, businesses are exempt from taxes on: goods imported for the production of export goods; goods imported for scientific research and technological development; goods imported for environmental protection; goods imported to create fixed assets for investment incentive recipients; raw materials, supplies, and components directly used in producing IT products, digital content, and software.

-Phan Nam

Vietnam targetting to complete 3,000 km of expressways by 2025

Prime Minister Pham Minh Chinh has requested for more efforts to accelerate the implementation of key infrastructure projects, contributing to completing the infrastructure system and boosting socio-economic development.

Chairing the 16th session of the State steering committee for national key transport projects on March 9, PM Chinh outlined some key tasks and solutions, including setting deadlines for the completion of investment procedures for some expressway projects, requiring localities to be responsible for speeding up site clearance, and allocating enough capital for projects.

The PM urged relevant ministries, agencies and localities to take drastic measures to deal with the shortage of construction materials, and promoting the 500-day emulation campaign to complete 3,000 km of expressways by 2025.

On the Lao Cai - Hanoi - Hai Phong railway project, PM Chinh instructed the Ministry of Construction and relevant localities to expedite land clearance, route determination, and related processes such as financing, contractor selection, material supply, equipment procurement, workforce training, and technology transfer.

Regarding Long Thanh International Airport and its infrastructure connections, he instructed ministries and localities to urgently implement assigned tasks. He allowed businesses to study a metro line linking HCM City to the airport.

 

-Minh Kiệt

At the high-level business dialogue themed “A Partnership for Progress and Prosperity" in Jakarta on March 10, the Party leader hopes that Indonesian businesses will continue to grow and stay among the largest investors in Vietnam.

Party General Secretary To Lam attended a high-level business dialogue themed “A Partnership for Progress and Prosperity" in Jakarta on March 10 as part of his state visit to Indonesia and official visit to the ASEAN Secretariat there, according to a report from the Vietnam News Agency.

Jointly organized by the Vietnamese Ministry of Finance, the Vietnamese Embassy in Indonesia, the Indonesia-Vietnam Friendship Association, and Ciputra Group, the event saw the participation of senior officials and representatives of businesses and relevant agencies from both nations.

Participants highlighted the significance of the event as it coincides with the 70th anniversary of Vietnam-Indonesia diplomatic ties (1955–2025) and takes place in the context that the two sides look towards the elevation of their relations to a comprehensive strategic partnership.

The event highlighted the economic cooperation achievements, investment opportunities, and the strategic partnership between Vietnam and Indonesia in emerging fields such as artificial intelligence (AI), digital economy, green energy, electric vehicles, and the Just Energy Transition Partnership (JETP).

Delegates also explored cooperation in food security, the Halal industry, education, and maritime collaboration, reflecting the deepening ties between the two countries. They reaffirmed both nations' commitment to promoting sustainable growth, innovation, and regional cooperation, laying a foundation for a stronger future.

In his remarks, Party General Secretary To Lam emphasized that after nearly four decades of reform, opening, and integration, under the comprehensive leadership of the Communist Party of Vietnam (CPV), Vietnam has transformed itself from an underdeveloped nation into a symbol of stability and growth.

Vietnam has earned the trust of many world leaders as a reliable partner for peace and prosperity, and remained a favored destination for investors and international tourists, he stated.

Mr. Lam affirmed that Vietnam’s achievements are rooted in patriotism, great national solidarity, self-reliance, and strong aspiration for independence, freedom, and happiness of the people.

These successes were made possible under the visionary leadership of the CPV, the decisive efforts of the entire political system, the active participation and support of the people and business community, as well as the assistance of international friends—including important contributions of the Indonesian government and businesses, he said.

There remains huge room for stronger cooperation between the two countries, driven by their intrinsic strengths and the momentum of their strategic partnership, he noted, stressing that this will enhance mutual consensus and facilitate the mobilization of resources for important collaborative programs and initiatives that benefit both sides.

Mr. Lam expressed his hope that Indonesian businesses will continue to grow and stay among the largest investors in Vietnam. He encouraged them to leverage their strengths and seize opportunities based on equality, mutual respect, and shared benefits, in alignment with the strategic relations between the two countries.

To achieve those goals, he urged the two countries’ ministries, sectors, and agencies to continue specifying major policies and directions of the bilateral relationship, promptly support and address difficulties and obstacles facing investors, while implementing solutions to improve business and investment environment towards transparency and openness.

He called on the Indonesian government to encourage Indonesian businesses to increase their investments in Vietnam while creating conditions and continuing to support Vietnamese investors in expanding their investment and business activities, especially in projects relating to science, technology, and innovation.

Both countries' business organizations and associations are expected to continue to serve as important bridges connecting business communities with the relevant authorities of both sides.

Investors from both countries will explore and expand investment in such sectors as science, technology, innovation, research and development; chip and semiconductor, AI, and Internet of Things (IoT) industries, new energy, like hydrogen, and renewable energy, fintech, financial centers, biotechnology, and healthcare, he said, adding that these are sectors that Vietnam and Indonesia have potential for development and need investment attraction.

The Party chief affirmed that Vietnam is committed to creating favorable conditions for effective investment and business activities, towards sustainable development goals of both sides.

The Party and State of Vietnam have always regarded the foreign investment sector as an important component of the national economy, contributing to the fundamental transformation of the economy, positively impacting the economic institution reform, improving investment and business environment, and enhancing Vietnam's reputation and position in international arena.

Accordingly, Vietnam always pays special attention and creates best possible conditions for the business community, including foreign-invested enterprises in Vietnam.

Under its foreign investment cooperation strategy, Vietnam has oriented towards a phase of selective cooperation, attracting foreign investment with focus on quality, efficiency, technology, and environmental protection as the main evaluation criteria.

The Party, State, and people of Vietnam are committed to always accompanying, listening to, and hoping to continue receiving support and close cooperation from international partners, investors, especially Indonesian ones, Mr. Lam said.

On this occasion, Mr. Lam and the delegates witnessed the signing and exchange of business cooperation documents between the two countries’ agencies and businesses in areas, including education and training, green transition, green financing, real estate, smart urban areas, industrial zones, logistics, digital transformation, and cybersecurity services, and hi-tech agriculture.

Vietnam and Indonesia have witnessed the fruitful development of the bilateral relations over the last seven decades, with economic cooperation as a core pillar. The two-way trade hit $16 billion  in 2024, up 16% compared to the previous year, putting the two countries on track to achieve the target of $18 billion in bilateral trade ahead of the projected 2028 deadline.

 

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The Government leader issuing a dispatch on key tasks and solutions to cut down administrative procedures, improve the business environment, and promote socio-economic development.

Prime Minister Pham Minh Chinh has asked for more efforts to cut administrative procedure processing time and business costs (compliance costs) by at least 30%, while also abolishing 30% of unnecessary business conditions.

The Prime Minister was quoted as identifying in his March 9 official dispatch some key tasks and solutions to cut down administrative procedures, improve the business environment, and promote socio-economic development.

PM Chinh also requested the timely and substantive settlement of difficulties, obstacles, and recommendations from citizens and businesses.

In the dispatch, the PM urged the implementation of concerted, drastic, and breakthrough solutions to develop science and technology, innovation, digital transformation, and high-quality human resources.

The Government leader also requested the continued extension and reduction of taxes to facilitate business operations, promote the development of the private sector, and mobilize resources for investment and development.

The PM suggested continuing to implement a decisive credit policy aimed at reducing the lending interest rate level; encouraging foreign banks to participate in the process of solving bad debts and restructuring poor-performing credit institutions, and boosting investment in Vietnam.

 

-Vân Nguyễn

The launching ceremony was held during Party General Secretary To Lam’s State visit to Indonesia between March 9-11.

Party General Secretary To Lam attended an official launching ceremony for Vietnam Airlines' direct route linking Ho Chi Minh City and Indonesia’s Bali resort island on March 9 as part of his State visit to Indonesia between March 9-11.

On this air route, Vietnam Airlines will initially operate four round trips weekly from June 1, with service on Wednesdays, Thursday, Saturdays, and Sundays. It will increase the frequency to daily flights from July.

According to a report from the Government News, the event marked the national flag carrier's second direct route between Vietnam and Indonesia, bringing its total number of weekly flights between the two countries to 14.

Indonesian Ambassador to Vietnam Denny Abdi highlighted the significance of enhanced connectivity between the two countries.

The ambassador was quoted by the Government News as highlighting Vietnam Airlines' initiative to operate direct flights between the two localities, noting that this development would boost two-way tourist traffic and open numerous opportunities for bilateral cooperation across various sectors.

-Vân Nguyễn

Under a new government resolution, citizens from 12 countries including Germany, France, Italy, Spain, the United Kingdom, Russia, Japan, South Korea, Denmark, Sweden, Norway and Finland will be waived from visa requirements from March 15, 2025 to March 14, 2028.

Under the Government’s Resolution No. 44/NQ-CP dated March 7, 2025, citizens from 12 countries including Germany, France, Italy, Spain, the United Kingdom, Russia, Japan, South Korea, Denmark, Sweden, Norway and Finland will be waived from a visa requirement from March 15, 2025 to March 14, 2028.

The resolution stated that citizens of these countries will be exempted from visas for a temporary stay period of 45 days from the date of entry, regardless of passport type and purpose of entry, on the basis of fully meeting the entry conditions as prescribed by Vietnam's laws.

According to the newly-released resolution, the visa exemption policy will be considered for extension under the provisions of Vietnam's laws.

This decision has been made on a unilateral basis.

Earlier, under the Government’s Resolutions No. 32/NQ-CP and 128/NQ-CP, dated March 15, 2022 and August 14, 2023, respectively, citizens from 13 countries, including the 12 above-mentioned countries, could travel to Vietnam without a visa.

Under its resolution No. 11/NQ-CP, dated January 15, 2025, the Vietnamese Government also decided to apply a visa waiver policy to tourists from Poland, the Czech Republic and Switzerland from March 1-December 31, 2025.

Vietnam’s facilitating visa policies and stronger tourism promotion programs along with increasingly high prestige have all contributed to drawing more foreign visitors to the country. Around 17.5 million foreign tourists visited Vietnam in 2024.

In the first two months of 2025, nearly 4 million international tourists traveled to Vietnam, a year-on-year increase of 30.2 per cent. China was Vietnam's largest source of tourists, with 956,00 visitors, making up 27.7 per cent. South Korea came second with 885,000, followed by Taiwan, the U.S., Japan, Cambodia, Malaysia, India, and Russia.

Vietnam targets to attract 22-23 million international tourists this year, surpassing the pre-pandemic levels.

 

 

 

-Vân Nguyễn

The northern port city is embracing the green economy and circular economy as both a developmental necessity and a global trend.

In face of increasingly complex climate change and the gradual depletion of natural resources, green transformation has become an urgent necessity rather than a choice, said Mr. Do Manh Hien, Standing Deputy Secretary of the Hai Phong City Party Committee.

He made the statement at a workshop theming "Green transformation in industrial parks for sustainable development", held last week by the northern city's Economic Zone Management Board. 

"Hai Phong firmly upholds a principle that it never trades the environment for mere economic growth. The city sets a clear goal—economic development must go hand in hand with environmental protection, ensuring harmony between economic and social benefits for the sustainable future of the city," Mr. Hien emphasized.

Mr. Le Trung Kien, Head of the Hai Phong Economic Zone Management Board, highlighted that the city's industrial parks and economic zones have attracted more than 840 projects, with a total investment nearing $48 billion, which have an annual electricity demand of up to 2.76 billion kWh, and the demand is expected to grow by 15% annually, in addition to wastewater discharge of 8 million cubic meters per year, and waste of 1.5 million tons generated per year, not including issues such as dust pollution, noise, and other environmental concerns persist.

Recognizing these challenges, Hai Phong is embracing the green economy and circular economy as both a developmental necessity and a global trend. Leading this transformation are DEEP C and Nam Cau Kien industrial parks, two of the five industrial parks nationwide pioneering green transformation under the ecological model.

Moreover, many businesses within Hai Phong’s industrial parks are proactively transitioning to green practices. These include adopting renewable energy sources, utilizing recycled raw materials, and moving toward Environmental, Social, and Governance (ESG) goals. This reflects their commitment to the community and workers while significantly reducing negative environmental impacts. Beyond social responsibility, these efforts serve as a catalyst for enhancing competitive advantage and establishing sustainable brands.

-Nguyễn Hiền